Here at Move To Malaga, we receive a wide variety of emails with questions related to buying property in Malaga and moving to Malaga. As personal property finders, we not only help you buy the best property for you, we also assist you with many important issues, subject to your own personal requirements. (Read more about our Personal Property Finder service).
If you are thinking about buying property in Malaga or moving to Malaga, you will be interested in reading questions received from other people also considering the same.
For this reason, we are preparing a series of FAQs about buying property in Malaga and moving to Malaga.
Please feel free to send us your own personal questions
Send us your question …
Client email:
I’m interested in what you have to say about all the villages around the southern part of Spain for value as well as location and views?
I have also attached an email from Right Move received today about Brexit. I will be staying in Spain for at least 50% of the year and therefore I would like to get residency.
Is Brexit going to lower property prices and do you think it will make a difference about applying for residency?
Our reply:
We can help you get residency, no problem at all. The sooner the better as nobody knows the impact Brexit will have on the application process.
From personal experience, they are certain to make it more difficult for Brits. However, I remain hopeful it will not become as complicated as it is for US and Canadian citizens.
With regards to property prices, we are already seeing price increases here in Malaga and the Costa del Sol. Brits are often tempted by cheaper properties in the Alicante area whereas here, we attract a multitude of nationalities and prices reflect this.
I hope that answers some of your questions.
A week later, the following article was published on https://www.emigrate.co.uk/news/20180301-20756_costa-del-sol-properties-increasingly-popular-with-expat-buyers
For Brits who’re still determined to emigrate to Spain despite the threat of Brexit, now’s the time to buy a Costa del Sol property.
If Spain’s Costa del Sol is still the destination of choice and you’re chancing that Brexit won’t force you back to the UK just after you’ve arrived, you should be aware that Malaga’s real estate sector has now almost recovered from its post-2008 doldrums. If you’re looking to buy a home, now’s the time before prices rise still further, although bargains can still be had along the eastern Mediterranean coastline.
In 2007, the region logged 30,300 property sales, an increase of 14.6 per cent over 2016’s totals and the second highest sales total per inhabitant across the entire country. Foreign buyers were responsible for almost 30 per cent of the sales, confirming Malaga’s lasting popularity with British expats. Admittedly, Girona, Alicante and Tenerife’s foreign sales figures were higher, but the Costa del Sol is still one of the most popular expat destinations in the whole of Europe.
Obviously, foreign buyers are an important part of Spain’s real estate market and are still key players as regards second homes or buy to let villas as well as permanent homes. The majority of sales were of second-hand properties, mainly because Malaga is short of new-build estates with the exception of the capital and the Western side of the region. New developments begun in 2014 haven’t yet reached the market, but new projects are making it onto drawing boards across the region.
If you’re bargain-hunting and can live without a beach crowded with hordes of British tourists, Malaga’s interior is the place to start your search. Property prices as a whole are slated to increase this year by about six per cent, making buying a Malaga home a good investment provided you’ve chosen the right area. The rules are the same the world over – location, location, location!
So, if you are planning on buying property in Malaga or moving to Malaga, there is no better time than now.
Nobody can tell you how Brexit will affect residency applications however, everyone can tell you that prices in the Malaga area and the Costa del Sol will continue to rise.
Contact us now for a free initial consultation …